Is BlackBull Legit in 2025? Deep Liquidity, Raw Spreads, and Real ECN Power Explained
When traders search for deep liquidity, razor-thin spreads, and serious trading infrastructure, only a handful of brokers truly deliver. In this BlackBull Review 2025, we uncover whether this New Zealand-based broker still stands out in a market dominated by giants. More importantly, we ask the tough question: Is BlackBull legit, and is it worth your attention in 2025?
What Is BlackBull Markets and Why Are More Traders Choosing It in 2025?
BlackBull Markets was founded in 2014 in Auckland, New Zealand. By 2025, it has grown into a regulated and globally recognized broker—especially favored by professional and institutional traders.
Here’s what makes it appealing:
- FSPR license in New Zealand
- Low-latency Equinix servers in NY and London
- No dealing desk (NDD) execution
- RAW ECN spreads for scalpers and high-volume traders
Whether you’re day trading or running a sophisticated EA, BlackBull caters to performance-focused traders.
🟢 Trustpilot Summary – BlackBull Markets (Updated)

BlackBull Markets currently holds an impressive Trustpilot rating of 4.8/5, based on 2,255 reviews. This high score categorizes the broker as “Excellent” on Trustpilot’s scale.
- ✅ Overwhelmingly positive feedback from traders around the world
- ✅ 96% of negative reviews receive a response — typically within 1 week
- 🟢 Most users give 5 stars, with very few 1-star ratings
- 🔒 Verified profile – BlackBull is officially listed and cannot pay to hide negative reviews
🧠 What Traders Are Saying on Trustpilot:
“Fast execution, solid platform, and no issues with withdrawals — BlackBull is a real ECN broker that doesn’t mess around.”
“Been with them for 2+ years, and support always responds. Better than my previous FCA-regulated broker.”
Even among the few lower ratings, most concerns were addressed by the team in a timely manner, which shows strong after-sale service and transparency.
Is BlackBull Legit in 2025? What You Should Know Before Depositing
This is one of the most common questions: “Is BlackBull legit?”
✅ The answer is yes—but here’s why:
- Regulated by FMA (New Zealand) and FSA Seychelles
- Offers true ECN pricing via Prime Liquidity Providers
- Funds are segregated in Tier-1 banks
- Transparent order execution without conflict of interest
However, if you’re looking for ASIC or FCA regulation, this broker doesn’t offer that. Risk-tolerant traders often find its setup acceptable for high-speed trading strategies.
Bottom Line: It’s legit, but do your due diligence depending on your jurisdiction and capital size.

How Competitive Are BlackBull Spreads in 2025? A Brutally Honest Look
Let’s talk spreads—because spreads matter.
- Standard account: from 0.8 – 1.2 pips on EUR/USD
- ECN Prime account: from 0.0 pips, with commission $6/lot
- Pro ECN (custom): for serious capital, offers tailored pricing
Compared to brokers like Pepperstone or IC Markets, BlackBull holds its own in the ECN space. For scalpers or prop firm traders, its execution speed and spread consistency are highly rated.
Caution: Spreads may widen during news or rollover times. Always use a VPS if latency matters to you.
Does BlackBull Offer Copy Trading in 2025? The Surprising Answer
Yes, but with a twist.
Unlike brokers that push MetaTrader’s copy trading plugin, BlackBull integrates with third-party social trading platforms like:
- ZuluTrade
- Myfxbook Autotrade
- HokoCloud
This opens the door for signal providers, copy traders, and portfolio managers to connect globally without platform lock-in.
However, copy trading isn’t promoted as heavily as manual or algo-based trading. If you’re looking for in-house signal marketplaces, look elsewhere.
BlackBull’s Strengths and Weaknesses – What You Must Consider
Strengths:
- Institutional-grade execution and liquidity
- No restriction on trading strategies
- Multiple account types for serious traders
- Great for EA users, scalpers, and prop traders
Weaknesses:
- Limited educational resources
- No FCA/ASIC license
- Copy trading is external, not native
Expert Recommendations for Traders Considering BlackBull
- ✅ If you are a scalper or algo trader, this is a solid choice. Combine it with a low-latency VPS and your trading edge gets sharper.
- 🟡 If you’re a beginner, platforms like Exness or Pepperstone offer better guidance and simplicity.
- ⚠️ If regulation matters to you (FCA, ASIC), you might want to look at dual-regulated brokers.
Always test on a demo or a micro-deposit ECN account before going live. Every broker behaves slightly differently under pressure.
Risks to Keep in Mind Before Funding a BlackBull Account
No broker is perfect. Here’s what to remember:
- ECN accounts require understanding of commission + spread models
- Fast execution doesn’t mean no slippage — especially during high volatility
- Customer support can be slower outside business hours in NZ timezone
- Withdrawal methods may differ depending on region
Tip: Read their full T&Cs before funding. If you’re trading larger capital, ask for a dedicated account manager.
Final Thoughts: Is BlackBull Worth It in 2025?
If you’re serious about execution speed, deep liquidity, and advanced trading infrastructure, BlackBull deserves your shortlist.
It’s not the most beginner-friendly broker. But it’s powerful, fast, and customizable—qualities that matter if you want trading to feel more professional than casual.
Verdict: BlackBull is legit, advanced, and built for traders who know what they want.
Disclaimer: Trading CFDs carries a high level of risk and may not be suitable for all investors. This content is provided for informational purposes only and does not constitute financial or investment advice. Always seek guidance from a licensed financial professional before making any trading decisions.
🔗 What to Read Next from Us
Looking to compare BlackBull with other top brokers? Here’s what we recommend: